Navigation:  Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Origination/Maturity tab >

Collateral Code

Navigation:  Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Origination/Maturity tab >

Collateral Code

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Entry: System, list icon

F/M: Yes

Mnemonic: LNCOLL

Screen: Loans > Account Information > Additional Loan Fields > Origination/Maturity tab

 

This field is used to describe the collateral for a given loan. This field is file maintainable.  What is selected in the Collateral Code field affects how the Account Type (Field 9 of the Base Segment) is recorded in the Credit Bureau Report and transmission file (FPSRP184) sent to Credit Bureaus. See the Credit Bureau Type (Account Type) topic on the Credit Reporting screen for more information.

 

Click the list icon jump to view and select the collateral code tied to this loan. The following is a list of available collateral codes.

 

Code

Description of Collateral Code

0000

Collateral code not used

0001

Single family - new

0002

Single family - previously occupied

0003

Single family condominium - new

0004

Single family condominium - previously occupied

0005

2 to 4 family units - new

0006

5 to 36 family units - new

0007

37 or more family units - new

0008

5 to 36 family units - previously occupied

0009

37 or more family units - previously occupied

0010

Non-residential (other improved real estate)

0011

Combination home and business

0012

Churches

0013

Churches and single family

0014

Housing for the aged

0015

Developed building lots, acquisition and development of land and unimproved land loans - residential (1-4)

0016

Developed building lots, acquisition and development of land and unimproved land loans - non-residential

0017

Developed building lots, acquisition and development of land and unimproved land loans - multi-family residential (5 units or greater)

0020

Secured by farm land

0025

2 to 4 family units - previously occupied

0040

Vacation property

0100

Commercial loans - secured by other than real estate 5

0102

Inventory

0105

Accounts receivable

0106

Equipment - non-farm

0107

Equipment - farm

0108

Livestock

0109

Commercial loans - secured by real estate

0110

Commercial loans - unsecured

0120

Commercial - SBA

0130

Loans to finance agricultural production

0190

Commercial real estate second mortgages

0200

Home improvement loans/second mortgages

0201

Equity second mortgages

0202

Equity second mortgages - revolving open end loans

0203

Equity first mortgages - revolving open end loans

0204

Equity first mortgages

0205

Real estate secured - consumer loan or HIL based primarily on the credit-worthiness of the borrower.

0210

Education loans

0220

Consumer automobile loans - new

0221

Consumer automobile loans - used

0230

Credit cards

0231

Other revolving credit plans

0235

Unsecured consumer loans

0240

Other loans for household family and other personal expenditures

0241

Assignments of contractors and securities

0242

Assignments of contracts - commercial

0245

Loan on savings

0246

Deposit loans - commercial

0250

Mobile home loans - retail

0251

Mobile home on rented property

0260

Recreational vehicles

0262

Boats, motorcycles

0269

Airplanes

0300

Consumer leases

0310

Non-consumer leases

0350

Dealer flooring

0400

Loans to financial institutions

0401

Loans to holding companies of other depository institutions

0410

Loans for purchasing and carrying securities

 

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